TSE:TXG Q3 EPS Forecast Lowered by National Bank Financial

Torex Gold Resources Inc. (TSE:TXG) – Investment analysts at National Bank Financial lowered their Q3 2024 earnings per share (EPS) estimates for Torex Gold Resources in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.77 per share for the quarter, down from their prior estimate of $0.81. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Torex Gold Resources’ current full-year earnings is $3.63 per share. National Bank Financial also issued estimates for Torex Gold Resources’ FY2025 earnings at $4.11 EPS.

Torex Gold Resources (TSE:TXG) last announced its earnings results on Wednesday, August 7th. The company reported C$0.82 earnings per share for the quarter, topping the consensus estimate of C$0.70 by C$0.12. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. The business had revenue of C$369.83 million during the quarter.

A number of other analysts have also recently commented on TXG. TD Securities boosted their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a research note on Friday, October 18th. Cormark increased their target price on Torex Gold Resources from C$30.00 to C$33.00 in a report on Friday, September 6th. Canaccord Genuity Group boosted their price target on Torex Gold Resources from C$30.50 to C$32.00 in a research report on Tuesday, July 23rd. Scotiabank raised their price objective on Torex Gold Resources from C$27.00 to C$29.00 in a report on Friday, September 6th. Finally, National Bankshares raised shares of Torex Gold Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$31.25 to C$37.75 in a report on Thursday, October 10th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$31.86.

Torex Gold Resources Stock Performance

The company has a debt-to-equity ratio of 7.32, a quick ratio of 2.12 and a current ratio of 1.09. The stock has a market cap of C$2.66 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources has a 1-year low of C$12.40 and a 1-year high of C$32.10. The business has a 50 day moving average of C$26.45 and a two-hundred day moving average of C$22.83.

About Torex Gold Resources

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.